Wrap Asia

Faulty glucose monitors linked to 7 deaths, 700+ injuries. FDA issues warning, impacting MedTech valuations.

Cloudflare's outage hits banks & Shopify, shares dip 2.5%. Infrastructure risks loom as connectivity depends on few players.

Fed faces data fog! Rate cut odds rise as Powell balances jobs vs. inflation. Markets eye 0.25% cut.

ARM applications hit 12.9%, highest since 2008. Save $31-$104/mo but risk rate hikes post-intro period.

IBIT sees $2.7B outflows, Bitcoin dips 27% from peak. Institutional appetite cools as prices stabilize.

Ford's $1B win! Meanwhile, Trump's fuel policy shift sparks debate on station wagons vs. EVs, impacting energy sector valuations.

Asian shares mixed; Nikkei down 1.1% on weak spending. US inflation data looms, Fed rate cut hopes flicker. Dollar dips vs Yen.